DES PLAINES, Ill.—Honeywell's UOP L.L.C. business will supply its technology to produce ingredients for fuels and synthetic rubber in China.
China's Panjin Heyun New Material Co. will use Honeywell's UOP C4 Oleflex process to produce isobutylene, a key ingredient for fuels and synthetic rubber. This is the company's third C4 Oleflex license in China this year.
The company said Southeast Asia is the world's largest producer of rubber and China is the largest consumer. According to a 2012 Research and Markets report, China accounts for 33 percent of the world's rubber consumption.
Pete Piotrowski, senior vice president and general manager of Honeywell's UOP Process Technology and Equipment business unit, said that as China's economy grows and the need for fuels and rubber rises worldwide, UOP is providing solutions that help producers maximize their output to support demands locally while capturing a high return on investment.